New Hampshire's Bitcoin MSB Exemption Clears First Vote
Lawmakers in New Hampshire have advanced a proposed law that would exempt bitcoin traders in the state from money transmitter requirements. The bill, HB 436, was passed in the New Hampshire House of Representatives yesterday by a vote of 185-170. With the passage, the measure now moves to the state Senate for further consideration. Public records currently do not indicate when the New Hampshire Senate will take up the bill. Specifically, HB 436 seeks to exempt virtual currency users from having to register as money service businesses, while also creating a formal definition for....
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What is rather intriguing about this proposal is the proposed definition of virtual currency. Regulating companies active in the bitcoin world have proven to be quite challenging. In most cases, bitcoin startups dealing with customer deposits are labeled as money transmitters. New Hampshire legislators are now seeking an exemption for bitcoin startups through the HB 436 proposal. It remains unclear if their proposal will be approved, as it will set an intriguing precedent for other US states. Under the HB 436 proposal, New Hampshire regulators want to add a formal definition for bitcoin to....
The state motto of New Hampshire is "Live Free or Die". In January 1776, it became the first of the British North American colonies to establish a government independent of Great Britain's authority. So is it any wonder that it may indeed be the most Bitcoin-friendly place in the United States? The new film "101 Reasons: Liberty Lives in New Hampshire" shows what life in New Hampshire is all about. Also, how the revolutionary technology and currency of Bitcoin fit into its public mindset so perfectly. New Hampshire Accepts Bitcoin. The fact that New Hampshire has the highest disposable....
New Hampshire has a well-earned reputation for being one of the most libertarian, progressive, and affluent municipalities in the United States. And we have covered its natural love of the revolutionary digital currency Bitcoin here at CCN. Now, the one of the smallest states in the Union is looking to take a leading step in United States history with the proposal to allow New Hampshire residents to pay taxes and other state-sanctioned fees in Bitcoin. New Hampshire looking to work with Bitcoin. New Hampshire House Bill "NH HB552", introduced February 12th by eight New Hampshire state....
A New Hampshire bill would commit the state to a new UCC section before finalization to show its commitment to the blockchain industry. The New Hampshire House of Representatives passed a bill on Tuesday to adopt the new version of Chapter 12 of the Universal Commercial Code, or UCC, which will govern transfers of digital assets. The chapter is still in draft form, but if HB1503 is signed into law, New Hampshire will be the first U.S. state to adopt the chapter. Like the draft chapter of the UCC, the bill — titled “Exempting the developer, seller, or facilitator of the exchange of an open....
New Hampshire has authorized the first US municipal security explicitly backed by Bitcoin, approving a $100 million “conduit” bond that uses over-collateralized BTC rather than tax revenues or project cash flows as its primary backstop. The decision by the state’s Business Finance Authority (BFA) positions New Hampshire as an early test bed for integrating digital […]